FibMarkets.com

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15 minute chart attached. Definitely not making a bearish shorting price pattern now..

Possible scenarios..

1) Scalp short on resistance at 77.80

2) Wait for possible resistance at 78.30 area.

3) A break below 77.00 support is rally- shorting time again!

-FibMaster

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Hi,

AUDJPY has broken short term resistance @77.80 with (see chart) HH and HL, the hrly TRSI also bounces from 40 level (see chart), the 4hrly TRSI is about to cross up. I will go long on the next 5min dip but will take out the 1st half of profit if it reaches the said SK resistance @78.30.

Regards, Kim

It was fast, I missed the dip entry @77.90 while typing the previous email. However, I managed to enter on the next dip @78.10. SL @77.75 and P1 @78.30 or higher depends on the thrust, P2 @78.85.

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Hi,

Managed to exit @78.50 for 40pips profits (decided not to go for P1, P2) as I find that the market usually is very slow (sideway) between 7PM-11PM PST in Asia trading.

Let FibMaster come out with the Dailyforexcharts for further analysis before I push for the next trade!

NB: I am a very serious full time trader who wish to learn from FibMaster and I am so please that he has come out with this service which is very very useful as it acts as a follow up to the dailyforexcharts update. I’m trading live using his method (see below for my IB trade record). I’m very confidence that he will provide a good mentoring.

-Kim

Good trades Kim!